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China and the World: Economy and Security - Term Paper Example

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This discussion stresses that in one of the recent developments pertaining to the global trade and economic sector, the region of China has dramatically risen to be one of the largest economies of the world while promoting the growth of the private sector. …
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China and the World: Economy and Security
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China and the World: Economy and Security

Download file to see previous pages... As the essay declares the economic decision taken by the ruling political party Communist Party of China to privatise a large number of industries which were under the state governance is considered to be one of the fundamental leaps promoting economic success for the region. The growth in privatisation helped the industries to mitigate the legal and administrative restrictions involved. Further, the growth of the concept of market economy also helped the industries to expand their business sphere in the international level. In fact, the development of the Chinese economy through acts of privatisation and economic liberalisation helped the Chinese government to gain control over seemingly disadvantageous regions of the world. Political leaders like Deng Xiaoping were prominent activists who promoted the cause of privatisation in several industries located in major Chinese provinces.
This paper discusses the change in the investment patterns in the Chinese economy also contributed to the growth of the region with respect to other global areas. Investment patterns within the country countered changes both because of the increased involvement of Deng Xiaoping and the growing influence of the World Trade Organization on the economic affairs of the country. Economy of China was characterized by the growth of fixed investments in many sectors with varying levels of economic consumption in the domestic and national sector. ...Download file to see next pagesRead More
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